Technology news and briefs for the week of March 5, 2023:
Commercial trucking insurance provider Cover Whale has partnered with data science and machine learning technology company Devron to rapidly incorporate new and alternative data sources to better predict risk, provide coaching to drivers and align premiums.
Cover Whale’s Driver Safety Program leverages data science and AI to evaluate and mitigate risk to improve road safety. Devron’s platform streamlines the process by unlocking access to additional datasets and eliminating the need, cost and privacy risk of moving data.
Traditionally, companies have needed to implement complex infrastructures for extracting, duplicating and moving data to gain insights. Devron bypasses this need by allowing Cover Whale to build and train machine learning models on datasets where they reside, including, for example, claims information, various vehicle telematics, external data related to highways, weather conditions and more to gain a more informed view of risk.
This partnership allows Cover Whale to reduce data engineering overhead, enhance its driver safety program with faster insights, more effectively manage risk and improve personalization for customers. The Devron platform also accelerates Cover Whale’s integrations across a growing number of telematics and camera device vendors.
